SP cuts Greek sovereign debt to selective defaul
Post# of 684
Posted On: 02/28/2012 9:30:52 PM
S&P cuts Greek sovereign debt to selective default
NEW YORK (Reuters) - Standard & Poor's on Monday cut Greece's credit rating to SD, or selective default, after the Greek government amended the original rules governing some of its sovereign debt to bind all private bondholders to a bond swap necessary to complete a 130-billion-euro rescue package.
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